The Market Story

Stocks Sink on Fears of Global Recession

Stock quotes in this article: AIG , PUK , MSFT , PNC , NCC , GM , NSANY  

As for corporate earnings, following Thursday's close software titan Microsoft(MSFT Quote) reported results that beat estimates but issued a cautious revenue forecast for the coming quarter.

Looking at the day's economic data, the National Association of Realtors said that September existing-home sales increased 5.5% to an annualized rate of 5.18 million. Economists were expecting 4.95 million.

(Photo gallery: Trading Faces)

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